tag:blogger.com,1999:blog-6616959642391988608.post5596431777491315504..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: 10-yr Treasury yield updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6616959642391988608.post-53924698478953509232010-03-29T13:42:42.110-07:002010-03-29T13:42:42.110-07:00"Only last fall did I realize that there was ..."Only last fall did I realize that there was another, even more powerful advantage of futures targeting-credibility. The same people forecasting the effects of monetary policy would also be those setting monetary policy."<br /><br />Can you imagine the national security risk from letting our monetary policy be dictated by foreign traders? Plum insane...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17825095377835398852010-03-29T13:33:46.855-07:002010-03-29T13:33:46.855-07:00Michael Santoli has a good piece in this weekend&#...Michael Santoli has a good piece in this weekend's Barrons entitled "Why rising yields are good...for awhile".<br /><br />His points are essentially the same as Scott has made here for quite awhile. The increases seen are primarily due to easing of fears not competition for dollars. The improving economy is drawing more and more investors out of the investment cellar and into risk Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67444219947922853492010-03-29T10:09:49.098-07:002010-03-29T10:09:49.098-07:00BTW, Scott Sumner of Cato Institute (Gannis' f...BTW, Scott Sumner of Cato Institute (Gannis' fave outfit) has been writing that money tupply is too tight, and that an overly tight money supply caused the recession. There seems to a history of promouncements like this from Cato, I don't know why.<br /><br />Upon reflection, I am inclined to agree. <br /><br />http://www.cato-unbound.org/2009/09/14/scott-sumner/Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com